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Tuesday, February 11, 2025 Live Webcast

Understanding S Corporation Taxation: Shareholder Basis, AAA, and Retained Earnings (X1-SCB2-2025-01-WEBNR-42-01)

1:00 PM - 3:00 PM EST
webcast

Vendor Platform

2 CPE Credits in TX

OVERVIEW

Even though they have been around for several years, the tax laws pertaining to S corporations remain some of the more difficult areas of the Internal Revenue Code. Given the rising popularity of S corporations, understanding how shareholder basis and the equity section of the balance sheet work together for tax purposes is imperative for nearly any tax practitioner. In this course, we will discuss this relationship. Using examples and illustrations, we will show how contributions, operating transactions, and distributions affect shareholder basis as well as equity.

DESIGNED FOR

CPAs and tax practitioners who work with S corporation business clients and S corporation shareholders

BENEFITS

  • Recognize the formula for calculating S corporation shareholder basis
  • Identify the items of income and deduction that are allocated to AAA, PTI, AE&P, and OAA
  • Calculate the tax effects of a distribution on shareholder basis and AAA

HIGHLIGHTS

  • S corporation earnings layers
  • Observations on earnings layers
  • S corporation basis calculation
  • IRC 351 transactions
  • Four loss tiers
  • Appreciated property distributions

COURSE LEVEL

Basic

ADVANCE PREPARATION

None

INSTRUCTOR

Dave Peters

Dave Peters, CPA, CFP, CLU, CPCU, MST, MBA

PRICING

$89.00 - Member

$109.00 - Nonmember

Register Today


Note: Online pre-registration will close on February 11 at 12:30 PM.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent

AREAS OF INTEREST